Where do I report T4 Code 67 on my tax return?

Code 67 flows to Line 13000 — Other income on your T1 general return.

T4 Code 67 — Non-eligible retiring allowance

Severance portion not eligible for direct RRSP transfer — fully taxable, but may still use regular RRSP room.

At a glance — Code 67

Box name: Non-eligible retiring allowance
T1 line: Line 13000 — Other income
Check against: Total severance minus Code 66 (eligible portion).

What Code 67 means

Code 67 is the portion of a retiring allowance that does NOT qualify for the Code 66 RRSP rollover. For anyone who started with their employer after 1995, essentially all severance will appear here.

The amount is fully taxable in the year received. It is reported on Line 13000 (Other income), not Line 10100 — so it does not count as employment income for CPP/EI purposes.

You can still contribute Code 67 amounts to your RRSP using your regular contribution room. Many severed employees use the full year's RRSP room plus unused carry-forward to shelter as much as possible.

Tax return implications

Employer withholds tax at prescribed rates (10% / 20% / 30% federal based on lump-sum amount, plus provincial).
Line 13000 — does not reduce RRSP room (no earned income treatment).
Plan RRSP contributions the same year to offset — split across Dec 31 and first-60-days if helpful.

Related T4 boxes

Code 66 — Eligible retiring allowance

Severance eligible for transfer to an RRSP without RRSP room — limited to $2,000 per year of pre-1996 service.

Code 71 — Indian (exempt income) — employment

Employment income exempt from tax under §87 of the Indian Act — reported for information only, not added to taxable income.

Code 77 — Workers' compensation benefits repaid to the employer

WCB top-up you repaid to your employer — creates an offsetting deduction at Line 22900.

Box 14 — Employment income

Your total gross employment income for the year before any deductions — salary, wages, bonuses, commissions, taxable benefits and most other pay.

Filing your return? Use the payroll deductions calculator to verify the amounts on your T4 match expected CPP, EI and income tax withholdings, and the income tax calculator to estimate your refund or balance owing.

Sources

T4 box definitions from CRA T4 employer guide. Rates and thresholds current for 2025; file your 2025 T1 by April 30, 2026 (self-employed June 15).